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Question 3 of 7 < > View Policies Current Attempt in Progress -/15 E Speedy Taxi Service uses the units-of-production method in calculating depreciation
Question 3 of 7 < > View Policies Current Attempt in Progress -/15 E Speedy Taxi Service uses the units-of-production method in calculating depreciation on its taxicabs. Each cab is expected to be driven 552,000 km. Taxi 10 cost $42,436 and is expected to have a residual value of $4,900. Taxi 10 is driven 93,000 km in 2020, and 135,000 km in 2021. (a) Calculate the depreciable amount per kilometre. (Round depreciable amount per unit to 3 decimal places, e.g. 5.276.) Depreciable cost per kilometre $ /km. (b) Calculate the depreciation expense for 2020 and 2021. Depreciation - 2020 $ Depreciation - 2021 $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
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